Saturday 15 January 2011

If you want to succeed in business on the internet, marketing

If you want to succeed in business on the internet, marketing is vital. There are many facets to internet marketing. Which ones are the most important?

There's no right answer to that question. This is a subjective topic and because the internet is very open source, there is no right or wrong answer but here is some information from a marketing consultant about several vital steps that could help you increase your chances of online success:

Do Your Research

Before you embark on an internet marketing campaign, doing a substantial amount of research is essential. You'll want to research your market, your competition, your audience, and review information to help you define a search engine marketing and / or pay per click advertising strategy. If you can't do the research yourself either due to lack of expertise in this area or lack of cycles you could hire an internet research or consultancy firm to help you.

What's important from a research perspective? Whether you do it yourself or get some help, keyword analysis is important. Analysing your competition will help you as well. Looking at various social media strategies can provide a wealth of info and gathering general business intelligence will pay off in multiple ways --- helping you define, strategise, and execute a campaign that will work.

Analysis


After you've defined and executed your web marketing strategy, ongoing analysis will tell you what's going well and what isn't going so well. Info gathered for internet marketing campaigns can help you with improvements and can also help you fuel future campaigns as well.

Reputation and Relationship Development & Management

Work to develop a great reputation online. Establish yourself as a professional and establish your company's presence as one that believes in customer experience, value, and service.

Online success needs more that just development of a reputation and / or a brand. It also requires that you nurture relationships. Social marketing is a two way street. So is blogging. Customers are looking for value and this can help to establish trust. Nurturing online reputation and relationships can equate to trust and success in gathering subscribers and followers to your website. Those subscribers and followers could become future clients and sources of word of mouth referrals.

Again, there are many facets to internet marketing and taking a step at a time can help you success. Regardless of whether you're embarking on a campaign on your own or getting help and whether you're new to this or not, taking steps toward increasing your online presence is exciting and can pay off huge dividends.

Organic Internet Marketing - Get More Results for Less

Organic internet marketing results in your prospective customers finding your company when they look for the thing they want. This marketing method can encompass a lot of work but once you reach the goal of being listed as highly relevant to strategic keyword phrases in your industry, it can be much simpler to reach your goals.

A lot of consumers today look to search engines to connect them with their desires. The check search engines such as Google, Bing, Yahoo, and others. They also check websites, such as social networking sites, that could point them to links and to advertisements. Getting listed for the phrases your prospects are surfing for could help you get more customers. And if you work at it organically, it could cost you less money to attract customers.

Organic SEO Benefits

There are many facets to internet marketing but organic SEO (search engine optimisation) could be the most beneficial for an online business. Whilst paid advertising does have its merits, perceived relevancy in a number 1 position in Google's search engine results pages could be very powerful. Most consumers will be more trusting of an "I feel lucky' click rather than a "sponsored" one. It's not a bad idea to do both but it's definitely a good idea to take a serious attempt at ranking well organically.

Save Money On Marketing


And, in terms of your marketing spend, organic internet marketing costs a substantial amount less than a typical paid advertising campaign. Not only will you be seen as highly relevant to your subject matter but each visitor to your site won't cost a fee. Pay per click campaigning can quickly add up and it could take a lot of testing and tweaking to find the right keyword / ad blend to achieve results.

SEM vs SEO - Guarantees?

Search engine marketing is a viable internet marketing technique. Sponsored advertising can be highly effective but it can also be highly expensive. Campaigns often operate on a pay per click and there's no guarantee that the click will result in a sales.

With organic search engine rankings there are also no guarantees that a click will result in a sale but with this sort of traffic, there is no cost to you to receive a website visitor. The rankings attract visitors and then you can work on converting them into customers. Yes, it could take time, effort, and money to get your site listed at the top of the search engines but the rewards of these efforts could be substantial with a lower TCO than sponsored ads.

Thursday 23 December 2010

Top Tips to Try Before Hiring a Marketing Agency

If you have a small business that is just getting started, there are a few things you can do before you retain the services of a marketing agency to help you in the marketing arena. With a few right moves, you can get started on a positive note with a basic game plan set in place before turning to a professional firm for additional guidance.

Define your Customer and Communicate Effectively
Don't fall into the new business trap of not knowing who your customers are. It is important to identify your target market through effective due diligence such as market research and the ability to fulfil a particular need that may not be totally taken care of by your competitors. It is important that you find a way to stand out from your competitors such as superior customer service.

Brainstorm on paper to ensure you are projecting the right message to your potential customers. A marketing agency will often have new businesses do a SWOT analysis, evaluating their strengths, weaknesses, opportunities and threat factors that might impede business operations.

Spell Out Benefits and Features of your Products and Services
It is important that you present the most pleasing features of your products and services. However, it is equally important to support those features by advertising the benefits the customers will reap if they use your products over a competitor's. Why would your products and services be better?

Follow-through is an additional feature of promoting your business. Once you have attracted a potential customer to use your product or service, speak with them about their needs and how you can meet those needs. Even if you cannot close the sale immediately, it is important to follow-through by calling or emailing them. This action shows that you care about them as a customer and illustrates that by going with your company, customer service will be excellent. Follow-ups are the key to sales conversions down the line as well as positive word of mouth to new, potential clients.

Maintain Marketing Momentum
It is important to structure your marketing budget in such a way as to keep your company brand name in the public eye year round. Many new businesses have a huge marketing push only to run out of advertising dollars before year end and then experience stagnant sales. For this reason, internet marketing can be helpful through the use of blogging, banner ads, website-only specials and email marketing to existing customers about special sales.

While you can definitely succeed without the help of a marketing agency, it is important to allocate a portion of your budget to hiring one, even if it is to just check where you are in relation to promotions, advertising and industry placement. Having a marketing professional assess your business and present suggestions for improvement is important to your overall, long-term success.

Expand Your Internet Marketing Horizons and Try Blog Advertising

With the advent of the cyberspace age in the 1980's, internet marketing was born. As more and more people signed on online, the more business advertising grew. Whilst television, radio and print ads are still quite effective ways of reaching the average consumer, technology is the wave of the future. The introduction of the web log or blog has really revolutionised the way products and services are promoted online. Defining Blog Advertising Because a blog is an all-purpose vehicle serving as a voice, a platform and a way to send a memo out to the world, it makes sense as a business owner to take advantage of blog advertising. You should tie your blog to your company website, offering breaking news of new products and services as well as insight into the company itself. Or, you might consider being a guest blogger on other websites that complement your business. For instance, if you own a string of beauty salons, you might blog for a fashion hair magazine or one of the top beauty supply places in your area. To tie into your blog, advertising makes sense. These can be banners or small ads placed on the sides or at the top or bottom of the page. Direct links to your products and services you mention in your blog can be placed within the body of your writing. Tying into what you say in your blog with your company's products and services is an important step in internet marketing. Benefits of Blog Advertising Besides the entire world as your audience when you create a blog, advertising through it can hold a number of advantages. For instance, you can boost web traffic to your company website and gain a new customer base. You will also be able to better translate those visits to your blog into real sales, thereby reducing your clicking costs to a minimum. Finding a target audience for your company products and services becomes easier with blog advertising. This type of marketing is specific and more precise than traditional ways of advertising such as radio, newspapers, television and magazines. When someone finds your blog, chances are they are already interested in what you have to say and therefore would be more likely to follow the links or click the ads to purchase what your company has to offer. The final reason why blog advertising makes sense, no matter what the size of your business, is because it offers a continuous source of advertising. As long as you continue with your blogging and updating the ads and links associated with it, you will always draw in new web visitors and have the opportunity to translate those visitors into future sales. In the world of internet marketing, this constant source of potential customers is a key factor to overall success in this technological era.

Marketing Advice on How to Maintain Pricing Strategies in an Economic Downturn

These days, thanks to the economic recession, it can be tough to continually think of marketing tactics to maintain your market share and avoid losing sales. There is the temptation to slash prices or even contemplate the action in order to compete with others in the same niche as you. While cutting prices may seem to be a simple thing to do, particularly in the short term, it does not always make sense to do so because it could become a habit. What if the recession stretches further than you thought? You cannot keep cutting prices because you could soon be selling at a loss rather than a profit. Offering the Best Value for the Price Having a strong, recognisable brand is important if you want to maintain your pricing strategy as high as possible without losing customers to the competition. How you define the value of what you offer is important when communicating with your customers. The stronger the communication you have with them, the more control you can exercise over your pricing strategy. Of course, you should have a few marketing tactics available to you so that any issues a customer might have will not be about price. One smart move to try is bundling some of your products together which will accomplish several things. First, bundling effectively creates the illusion that you have broadened your product base. And second, bundling offers you a way to establish a broad spectrum of low to medium to high value offerings, so you can create a pricing strategy accordingly, without a straight price cut, thus maintain your profitability. Long Range Planning Lowering your pricing in order to make more sales and stay competitive in the market may work in the immediate short term, but it will not do much for the long term. However, you can alleviate cutting tactics and the effect on your profits by controlling operating costs in your company and look for ways to eliminate any redundancies and inefficiencies. Streamlining your operations to reduce costs and increase efficiency makes good business sense anyway. Unfortunately, when business is good, you don't always look for ways to streamline. Rather, it takes a recession and reduction in sales to prompt action. To maintain your competitive edge, even in a recession, look for ways to offer something innovative or unique to your customers. Can you easily change the packaging for some of your products to create a new look to attract attention? Can you offer any sales incentives or coupons for future purchases? Perhaps partnering with a complementary business (one that does not necessarily directly compete with you) can drum up new business. Marketing new products during the recession can be a good move but don't expect an overnight boost in business. The same principle applies when cutting prices. If you do this too often, just to stay in business, then that is what customers will expect once the economy improves. Instead, try the product bundling or offer sales incentives so that you can present the illusion of offering a deal without negatively impacting your business financial bottom line.

Using a Business Consultant When Promoting Your Services Business

A business consultant does more than just advise you on how to best run your business. They can also work with you on promoting your business and making sure that it remains profitable. Some business consultants can help you launch full-scope marketing programmes as well. If you own a direct services business, a consultant can help you figure out how to market it to the public, improve the service by tweaking certain areas, and help you research your competitors to make sure that your service business has a unique angle to offer customers. Tweaking the Business Before you launch your first (or next) campaign to market your business to masses, you may need to tweak a few areas. Your business consultant will research your current methods or ideas and observe the company at work. He or she will let you know which areas of your current business practices should be improved before you start an aggressive marketing campaign. Researching Competitors When researching your competition, you're looking to see what services they offer that are similar to yours and which are different. If you run a call center service business that takes calls for business professionals such as doctors or lawyers, you need to find out what other similar businesses offer their clients. Then you need to see if your business offerings are the same, and if you have any angle that makes your business unique. A small business consultant is a great advisor because they're not going to tell you that any aspect of your business is unique if it isn't. If you find that your business is just like all the others, your consultant can work with you on creating a unique angle. Maybe very few of the local services offer online options; that's one area you can explore to see if you want to expand your business to the web, for instance. A consultant can help you define your unique selling proposition so that you appeal to potential customers and existing customers of the competition, too. Promoting the Business The next step is to start promoting your direct services business, focusing on the unique angle of your company. You can start by creating print ads for the newspaper or local publications, and then move onto an online advertising campaign.

How to Avoid Spamming People When Internet Marketing

Internet marketing is the act of marketing your business using different techniques online. There is a variety of ways to market your business to potential customers through email, message forums, and instant messaging; however, you need to avoid sending unsolicited marketing messages to avoid losing customers and being reported for spamming. Spamming is the act of sending multiple marketing messages to people who didn't request them, don't want them, and won't be impressed just because you send them over and over. You need to target your Internet marketing campaign and learn how to get people to subscribe to the information provided about your business. Email Marketing Spam It's perfectly acceptable to send email messages to potential clients, but you need to make sure they want them. If you start sending unsolicited emails it's considered spam. If you purchase an email list and start sending out automated emails to everyone on that list, it's considered spam. In order to send out Internet marketing email messages, create a website or newsletter and let people subscribe to your emails. This way, you're only sending out information to people who are interested, and they can recommend your business to other people. If you want to protect yourself from being reported for spam, make sure your marketing emails have a disclaimer on the bottom that allows people to unsubscribe and apologizes for sending unsolicited emails. This way, if a person accidentally signed up for your messages, they can easily unsubscribe. Message Board Spam If you're not familiar with Internet marketing methods, you may think that signing up for numerous message boards and posting about your business is a great way to advertise. In fact, many business owners did use this method a few years ago, aggravating forum users and getting themselves banned from the site. Most business-oriented sites have a forum dedicated to advertising a business. You should stick with this forum and follow the rules and guidelines that govern how often you can post, which types of links you can provide, and what sort of information is allowed in an ad. Instant Messaging Spam When some shady business owners started getting reported and banned for forum and email spam they moved onto instant messaging systems. Users would get an instant message with a link from someone they didn't know, with the link redirecting a website. If you want to use this sort of marketing, make sure that the instant message names you have are people who have agreed to receive information from you. To avoid spam and insure that your Internet marketing campaign is a success, set up a form on your website that allows users to select which types of correspondence they're willing to accept.